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LEWIS GROUP LIMITED - Directors Dealings in Securities

Release Date: 14/11/2013 13:05
Code(s): LEW     PDF:  
Wrap Text
Directors Dealings in Securities

Lewis Group Ltd
Reg. No. 2004/009817/06
JSE Share Code : LEW
ISIN : ZAE 000058236
(Lewis or the “Company”)

Directors Dealings in Securities

In compliance with the requirements 3.63 to 3.74 of the JSE Listings Requirements, the
following should be noted:

1.      The Lewis Executive Performance Scheme – Vesting of Share Awards

In terms of the Lewis Executive Performance Scheme, the share awards granted to the
directors on 17 September 2009 (refer to SENS announcement dated 21 September 2009)
have vested on 12 November 2013 as follows:

                                                                    Share Awards            Implied
     Executive                     Designation                         Vested                Value
J. Enslin             Director, Lewis Group Ltd                        40 000                R2 608 000
L.A. Davies           Director, Lewis Group Ltd                        26 667                R1 738 688
C. Irwin              Director, Lewis Stores (Pty) Ltd                 13 333                 R869 312
D. Loudon             Director, Lewis Stores (Pty) Ltd                 20 000                R1 304 000
N. Jansen             Director, Lewis Stores (Pty) Ltd                 13 333                 R869 312

The awards were acquired for no consideration and are in respect of ordinary shares. The
implied value was calculated using the share price of R65.20 at the close of business on 11
November 2013.

2.      Sale of Shares

The directors have sold ordinary shares on 12 and 13 November 2013 in order to settle their
tax liability on the awards vested in 1 above and to re-balance their personal portfolios as
follows:

                                                              Number of
    Executive                    Designation                   Shares          Price         Value
J. Enslin            Director, Lewis Group Ltd                 25 000         R64.9761      R1 624 403
L.A. Davies          Director, Lewis Group Ltd                 15 667         R64.9761      R1 017 981
C. Irwin             Director, Lewis Stores (Pty) Ltd           5 600         R64.9761       R363 866
D. Loudon            Director, Lewis Stores (Pty) Ltd          20 000         R64.9761      R1 299 522
N. Jansen            Director, Lewis Stores (Pty) Ltd          13 333         R64.9761       R866 326

The sale of shares was made on the open market. The high and low prices for each director
for the above sales were R65.30 and R64.59 respectively.

Where executives have elected to take transfer of the shares, the transfer will be made off-
market.

All the transactions as set out in 1 and 2 above were for the direct benefit of the directors. The
requisite clearances have been obtained.

Cape Town
14 November 2013
Sponsor:
UBS South Africa (Pty) Ltd

Date: 14/11/2013 01:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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